Boron Carbide Market Size, Share, Growth Analysis Report By Grade (Abrasive Grade, Nuclear & Defence Grade), By Type (Powder, Paste, Grains), By Application (Industrial, Nuclear, Defence), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Absco Limited
- CoorsTek, Inc.
- Electro Abrasives LLC
- Feldco International
- Others
Reports Description
The global boron carbide market size was estimated at USD 141.8 Million in 2021 to USD 149.21 Million in 2022 and is expected to hit around USD 202.18 Million by 2030, poised to grow at a compound annual growth rate (CAGR) of 4.55% from 2022 to 2030.
Boron carbide is a crystalline compound of boron and carbon. It is the hardest material known after diamond and cubic boron nitride. It is used in abrasive and wear-resistant products, in lightweight composite materials, and in control rods for nuclear power generation. Its strength ability is to withstand an applied load without failure or plastic deformation.
Boron carbide is also used as ballistic armor along with other materials, resulting in properties like high hardness, high elastic modulus, and low density which provides extraordinary unique stopping power against high-velocity projectiles. Boron Carbide has antimicrobial protection properties due to which they are used in cooling towers in power plants, mining, swimming pools, tank armor, bulletproof vests, engine sabotage powders, and other industrial applications.
Growth Factors
The growing use of Boron Carbide in nuclear reactors will aid market growth
Boron carbide has the ability to absorb neutrons without producing long-lived radio nuclides makes thereby making it attractive as a neutron absorbent in nuclear power plants. Some applications of Boron Carbide are used in a nuclear reactor as control rod shut down pellets and insulation. Currently, there are 440 nuclear power reactors operating in 32 with a combined capacity of about 390 GWe.
Globally, Nuclear power capacity is steadily growing with 55 reactors under construction in 19 countries, covering India, Russia, China, and the United Arab Emirates. As per World Nuclear Association, the majority of plants are planned for the Asia Pacific region. Moreover, plant lifetime extension programs are going on in the USA to maintain capacity. Thus, the growth of nuclear reactors will drive demand for boron carbide in the upcoming years.
Boron Carbide Market – Segmentation Analysis
Boron Carbide Market, segmented by Grades
Depending upon the grades, the boron carbide market is segmented into abrasive and nuclear and defense-grade
The abrasive segment dominated the market in 2020 and is expected to grow over the forecasted period. Boron carbide coating is widely used in lapping and polishing applications owing to its high strength. It is also used as a loose abrasive in multiple cutting applications, such as water jet cutting, grit blasting, and slurry pumping.
In addition, abrasive boron carbide is considered to be an ideal material for dressing diamond tools. However, the nuclear & defense grade segment is expected to grow at a moderate rate during the forecast period. Boron Carbide is mostly used in nuclear applications such as protection and other shielding applications so that it can absorb neutrons emitted from the nuclear reactor.
The continuous increase in demand for new nuclear reactors used for commercial and defense purposes such as naval vessels, and in the submarine sector will add to market demand for nuclear and defense-grade boron carbide
Boron Carbide Market, segmented by Type
With respect to type, the boron carbide market is categorized into powder, paste, and grains. The grains segment is the largest segment and is expected to be in a dominant position during the forecast period. Boron carbide grains are used in applications that cover metal-matrix composites, lapping, and flux-cored wires for build-up welding.
Boron Carbide Market, segmented by Application
Based on application, the global boron carbide market is studied across industries, grinding, lapping, polishing, nuclear, defense, body armor, and vehicle armor.
The nuclear application dominates the boron carbide market and is expected to remain the dominant segment during the forecast period. The increase in the demand for boron carbide in avenues, defense, aerospace, nuclear, automotive, and others has escalated the growth of the boron carbide market. In addition, the demand for boron carbide has increased in protective ceramics materials. Rising import & export trade activities among countries have propelled the growth of the boron carbide market.
Furthermore, in the European region, the nuclear industry is expected to grow owing to a rise in the economy, and an increase in demand for electricity has surged the demand for boron carbide which is mainly used for radiation absorption purposes. For instance, according to a report published by International Energy Agency in 2021, nuclear power is set to increase by over 5% in 2021, with new reactors coming online in several countries, led by China and complemented by new reactors in India, United Arab Emirates, Pakistan, and Russia.
In addition, lapping and polishing applications segments are expected to increase the demand for boron carbide from the defense segment which will experience positive growth for lapping and polished application during the forecast period.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 141.8 Million |
| Projected Market Size in 2030 | USD 202.18 Million |
| CAGR Growth Rate | 4.55% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Absco Limited, CoorsTek, Inc., Electro Abrasives LLC, Feldco International, Höganäs AB, Kyocera Corporation, Mudanjiang Jingangzuan Boron Carbide Co., Ltd, Precision Ceramics Usa Inc, UK Abrasives, Inc., Washington Mills Electro Minerals Limited, Saint-Gobain S.A., H.C. Starck GmbH, Washington Mills, Kyocera Corporation, Dynamic-Ceramic Limited, UK Abrasives Inc., and Others |
| Key Segment | By Grade, Type, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Regional Analysis
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the dominant region in the boron carbide market. This region is also anticipated to maintain its dominance throughout the forecast period. Countries such as China and Japan have significant contributions to the growth of the Boron carbide market in the APAC region. Key factors for the growth in the APAC region are increasing in nuclear power plants; increasing defense spending and grading application.
Furthermore, boron carbide producers are implementing an inclusive range of advanced technologies in the production of boron carbide for optimizing the purity and boron content; this is driving the market during the forecast period. Moreover, Asian countries are using abrasive-grade boron carbide for ultrasonic boring since it can be used for boring almost any desired profile of brittle & hard materials. In addition, metal fabrication industries are growing in the Asia-Pacific region which is driving the boron carbide market growth during the forecast period.
North America is expected to hold the second-highest revenue share in the global boron carbide market, due to the high adoption of boron in the defense sector for the production of anti-ballistic weapons. In addition, the defense industry is expected to grow during the forecast period owing to the rise in war among nations, political disputes, and to make powerful nations each country is contributing to the defense industry which ultimately boosts the demand for boron carbide across the globe.
Key Market Developments in the Boron Carbide Market
The report provides the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. Manufacturers are rapidly engaged in new product development and acquiring firms in an attempt to broaden their strengthen brand image and geographical presence. Some of the key market developments that happened in the boron carbide market are given below.
- Samsung, South Korea based multinational electronics corporation announced in Feb 2022 its focus on using boron carbide to replace silicon carbide in its focus rings due to the durable property nature of boron carbide against plasma and high temperature. These newly developed focus rings will be utilized in wafer fabrication during the etching process.
- Kyocera Corporation has acquired the AVX. The latest acquisition has strengthened the position of Kyocera Corporation in the global boron carbide market.
COVID-19 Analysis
The COVID-19 pandemic has negatively affected the overall market and supply chain. Disruption of the supply and demand for raw materials due to lockdowns and stringent government laws limited production, consequently negatively impacting production facilities worldwide. The shutdown of manufacturing industries is the major reason for the slowdown in demand for boron carbide during 2020-2021. However, the vaccination programs and lifting of lockdowns are expected to propel the boron carbide market growth during the coming years
This Boron Carbide market report provides details of new recent developments, trade regulations, Porter’s five forces analysis, value chain optimization, market share, the impact of domestic and localized market players, key opportunities, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, new product development, key innovators, geographic expansions, technological innovations in the market.
In the first quarter of COVID-19, there is a complete shutdown of transportation, logistics & supply chain activity, and manufacturing activities has hampered the boron carbide market growth in April 2020.
Segments Covered in the Boron Carbide market report;
By Grade
- Abrasive Grade
- Nuclear &Defence Grade
By Type
- Powder
- Paste
- Grains
By Application
- Industrial
- Grinding
- Lapping
- Polishing
- Others
- Nuclear
- Defense
- Body Armor
- Vehicle Armor
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Boron Carbide Market, (2022 – 2030) (USD Million)
- 2.2 Global Boron Carbide Market: snapshot
- Chapter 3. Global Boron Carbide Market – Industry Analysis
- 3.1 Boron Carbide Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing use of Boron Carbide in nuclear reactors
- 3.2.2 Driver 2
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Grade
- 3.7.2 Market attractiveness analysis By Type
- 3.7.3 Market attractiveness analysis By Application
- Chapter 4. Global Boron Carbide Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Boron Carbide Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Boron Carbide Market – Grade Analysis
- 5.1 Global Boron Carbide Market overview: By Grade
- 5.1.1 Global Boron Carbide Market share, By Grade, 2021 and 2030
- 5.2 Abrasive Grade
- 5.2.1 Global Boron Carbide Market by Abrasive Grade, 2022 – 2030 (USD Million)
- 5.3 Nuclear & Defence Grade
- 5.3.1 Global Boron Carbide Market by Nuclear & Defence Grade, 2022 – 2030 (USD Million)
- 5.1 Global Boron Carbide Market overview: By Grade
- Chapter 6. Global Boron Carbide Market – Type Analysis
- 6.1 Global Boron Carbide Market overview: By Type
- 6.1.1 Global Boron Carbide Market share, By Type, 2021 and 2030
- 6.2 Powder
- 6.2.1 Global Boron Carbide Market by Powder, 2022 – 2030 (USD Million)
- 6.3 Paste
- 6.3.1 Global Boron Carbide Market by Paste, 2022 – 2030 (USD Million)
- 6.4 Grains
- 6.4.1 Global Boron Carbide Market by Grains, 2022 – 2030 (USD Million)
- 6.1 Global Boron Carbide Market overview: By Type
- Chapter 7. Global Boron Carbide Market – Application Analysis
- 7.1 Global Boron Carbide Market overview: By Application
- 7.1.1 Global Boron Carbide Market share, By Application, 2021 and 2030
- 7.2 Industrial
- 7.2.1 Global Boron Carbide Market by Industrial, 2022 – 2030 (USD Million)
- 7.3 Nuclear
- 7.3.1 Global Boron Carbide Market by Nuclear, 2022 – 2030 (USD Million)
- 7.4 Defence
- 7.4.1 Global Boron Carbide Market by Defence, 2022 – 2030 (USD Million)
- 7.1 Global Boron Carbide Market overview: By Application
- Chapter 8. Boron Carbide Industry – Regional Analysis
- 8.1 Global Boron Carbide Industry Regional Overview
- 8.2 Global Boron Carbide Industry Share, by Region, 2021 & 2030 (USD Million)
- 8.3. North America
- 8.3.1 North America Boron Carbide Industry, 2022 – 2030 (USD Million)
- 8.3.1.1 North America Boron Carbide Industry, by Country, 2022 – 2030 (USD Million)
- 8.3.1 North America Boron Carbide Industry, 2022 – 2030 (USD Million)
- 8.4 North America Boron Carbide Industry, by Grade, 2022 – 2030
- 8.4.1 North America Boron Carbide Industry, by Grade, 2022 – 2030 (USD Million)
- 8.5 North America Boron Carbide Industry, by Type, 2022 – 2030
- 8.5.1 North America Boron Carbide Industry, by Type, 2022 – 2030 (USD Million)
- 8.6 North America Boron Carbide Industry, by Application, 2022 – 2030
- 8.6.1 North America Boron Carbide Industry, by Application, 2022 – 2030 (USD Million)
- 8.7. Europe
- 8.7.1 Europe Boron Carbide Industry, 2022 – 2030 (USD Million)
- 8.7.1.1 Europe Boron Carbide Industry, by Country, 2022 – 2030 (USD Million)
- 8.7.1 Europe Boron Carbide Industry, 2022 – 2030 (USD Million)
- 8.8 Europe Boron Carbide Industry, by Grade, 2022 – 2030
- 8.8.1 Europe Boron Carbide Industry, by Grade, 2022 – 2030 (USD Million)
- 8.9 Europe Boron Carbide Industry, by Type, 2022 – 2030
- 8.9.1 Europe Boron Carbide Industry, by Type, 2022 – 2030 (USD Million)
- 8.10 Europe Boron Carbide Industry, by Application, 2022 – 2030
- 8.10.1 Europe Boron Carbide Industry, by Application, 2022 – 2030 (USD Million)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Boron Carbide Industry, 2022 – 2030 (USD Million)
- 8.11.1.1 Asia Pacific Boron Carbide Industry, by Country, 2022 – 2030 (USD Million)
- 8.11.1 Asia Pacific Boron Carbide Industry, 2022 – 2030 (USD Million)
- 8.12 Asia Pacific Boron Carbide Industry, by Grade, 2022 – 2030
- 8.12.1 Asia Pacific Boron Carbide Industry, by Grade, 2022 – 2030 (USD Million)
- 8.13 Asia Pacific Boron Carbide Industry, by Type, 2022 – 2030
- 8.13.1 Asia Pacific Boron Carbide Industry, by Type, 2022 – 2030 (USD Million)
- 8.14 Asia Pacific Boron Carbide Industry, by Application, 2022 – 2030
- 8.14.1 Asia Pacific Boron Carbide Industry, by Application, 2022 – 2030 (USD Million)
- 8.15. Latin America
- 8.15.1 Latin America Boron Carbide Industry, 2022 – 2030 (USD Million)
- 8.15.1.1 Latin America Boron Carbide Industry, by Country, 2022 – 2030 (USD Million)
- 8.15.1 Latin America Boron Carbide Industry, 2022 – 2030 (USD Million)
- 8.16 Latin America Boron Carbide Industry, by Grade, 2022 – 2030
- 8.16.1 Latin America Boron Carbide Industry, by Grade, 2022 – 2030 (USD Million)
- 8.17 Latin America Boron Carbide Industry, by Type, 2022 – 2030
- 8.17.1 Latin America Boron Carbide Industry, by Type, 2022 – 2030 (USD Million)
- 8.18 Latin America Boron Carbide Industry, by Application, 2022 – 2030
- 8.18.1 Latin America Boron Carbide Industry, by Application, 2022 – 2030 (USD Million)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Boron Carbide Industry, 2022 – 2030 (USD Million)
- 8.19.1.1 The Middle-East and Africa Boron Carbide Industry, by Country, 2022 – 2030 (USD Million)
- 8.19.1 The Middle-East and Africa Boron Carbide Industry, 2022 – 2030 (USD Million)
- 8.20 The Middle-East and Africa Boron Carbide Industry, by Grade, 2022 – 2030
- 8.20.1 The Middle-East and Africa Boron Carbide Industry, by Grade, 2022 – 2030 (USD Million)
- 8.21 The Middle-East and Africa Boron Carbide Industry, by Type, 2022 – 2030
- 8.21.1 The Middle-East and Africa Boron Carbide Industry, by Type, 2022 – 2030 (USD Million)
- 8.22 The Middle-East and Africa Boron Carbide Industry, by Application, 2022 – 2030
- 8.22.1 The Middle-East and Africa Boron Carbide Industry, by Application, 2022 – 2030 (USD Million)
- Chapter 9. Company Profiles
- 9.1 Absco Limited
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 CoorsTek Inc.
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Electro Abrasives LLC
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Feldco International
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Höganäs AB
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Kyocera Corporation
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Mudanjiang Jingangzuan Boron Carbide Co. Ltd
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Precision Ceramics Usa Inc
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 UK Abrasives Inc.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Washington Mills Electro Minerals Limited
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Saint-Gobain S.A.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 H.C. Starck GmbH
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Washington Mills
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Kyocera Corporation
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Dynamic-Ceramic Limited
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 UK Abrasives Inc.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.1 Absco Limited
List Of Figures
Figures No 1 to 24
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Key Market Players in the Boron Carbide Market
- Absco Limited
- CoorsTek, Inc.
- Electro Abrasives LLC
- Feldco International
- Höganäs AB
- Kyocera Corporation
- Mudanjiang Jingangzuan Boron Carbide Co., Ltd
- Precision Ceramics Usa Inc
- UK Abrasives, Inc.
- Washington Mills Electro Minerals Limited
- Saint-Gobain S.A.
- H.C. Starck GmbH
- Washington Mills
- Kyocera Corporation
- Dynamic-Ceramic Limited
- UK Abrasives Inc.
- Others
FAQs
“Asia-Pacific” region will lead the global Boron Carbide market during the forecast period 2022 to 2030.
The key factor driving the market is the growing used of Boron Carbide in nuclear reactors.
The key players operating in the Boron Carbide market are Absco Limited, CoorsTek, Inc., Electro Abrasives LLC, Feldco International, Höganäs AB, Kyocera Corporation, Mudanjiang Jingangzuan Boron Carbide Co., Ltd, Precision Ceramics Usa Inc, UK Abrasives, Inc., Washington Mills Electro Minerals Limited, Saint-Gobain S.A., H.C. Starck GmbH, Washington Mills, Kyocera Corporation, Dynamic-Ceramic Limited, UK Abrasives Inc., and Others.
The global Boron Carbide market is expanding growth with a CAGR of approximately 4.55% during the forecast period (2022 to 2030).
The global Boron Carbide market size was valued at USD 141.8 million in 2021 and it is projected to reach around USD 202.18 million by 2030.